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MGC Mortgage

Posted by P Nicolas Velecico on September 10, 2013 at 5:44pm in Short Sale Discussions

 

 Would 4 years trying to close a short sale be a record ? 

 I have a listing in new Jersey that received its first offer back in 2009 

We gave the offer to an attorney to process and 6 months later the buyer gave up 

In 2010 we got another offer and after 8 months the buyer walked 

In 2011 we got another offer and this time MGC actually gave us a counter but before closing the property was vandalized so the buyer walked .

in 2012 we got another offer , submitted mountains of paperwork to MGC mortgage kept raising the price of the home , them when finally we where ready to close Hurricane sandy hit , flooded the property and now its back on the market .

but here is the kicker , now the investor ( this is according to MGC ) wants 49,000 more THAN BEFORE IT GOT FLOODED !!!! , 

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Replies

  • P Nicolas Velecico September 15, 2013 at 6:08pm

     The MGC rep posted a bad e mail , LOL , 

     leave it to MGC , they just want to collect servicing fees , like to find out who to file complaint to 

     maybe get a congressman involved , what a disgrace . especially if they got bail out money .

     Dovenmuele is the bank , pass through certifcate LPG ? 

  • Isabelle Javier September 15, 2013 at 4:27pm

    I find it fascinating that a MGC rep contacted you via this web site.

    Please keep us posted. I hope you finally get your short sale closed. My longest was almost 3 years, my shortest was 18 days. So you take the cake for a short sale lengthy record. More like a Long Sale, huh?

    Good luck,

    Isabelle

     

     

  • MGC Representative September 11, 2013 at 9:57am

    As an authorized representative of MGC Mortgage, I ask the customer who posted this to contact us directly at mgccomplaintescalations@mgcmortgage.com. We will be glad to work with you on this issue.

    • P Nicolas Velecico > MGC Representative September 11, 2013 at 5:28pm

       I will call e mail you tomorrow with the loan number 

      • P Nicolas Velecico > P Nicolas Velecico September 12, 2013 at 11:52am

         hey MGC Mortgage person , your e mail bounced back , can you send me your personal e mail so I can send you the information 

This reply was deleted.
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